A “no-deal” Brexit would cause a 5% drop in UK outbound travel and tourism trips in 2020, because of the stifled economic backdrop and impact of a weaker pound. Ireland and Spain would be the hardest hit from fewer UK visitors. In contrast, the weaker pound could mean that UK tourism inflows are 4% higher in a “no-deal” scenario, provided there is no travel disruption. But lower levels of domestic tourism mean that we would expect UK travel and tourism GDP to be 2% lower than our baseline forecast in 2020.
Read the full report.
Our consulting team at Tourism Economics are the world’s leading analysts of the global tourism and travel sector. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were:
Oxford Economics’ team are experts at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues. To find out more about our capabilities, contact:
To find out more about our capabilities, contact:
+44 (0)1865 268 928
+1 (646) 503 3068
+1 (610) 995 9401
A PLATFORM FOR INDONESIAN OPPORTUNITY – Assessing the economic, societal, and cultural impact of YouTube in Indonesia in 2021
Oxford Economics worked closely with YouTube in the second quarter of 2022 to develop a rigorous approach to measuring the video platform’s economic, social, and cultural impact across Indonesia. In this study, we found that YouTube's creative ecosystem contributed IDR7.5 trillion to Indonesia's GDP and supported more than 200,000 full-time equivalent jobs across the economy in 2021.Find Out More
Sentiment data point to cooling labour markets
Labour markets across a range of advanced economies are cooling rapidly, according to a unique dataset developed by Oxford Economics and Penta.Find Out More
The State of the Nation: The UK Family Business Sector 2021–22
This study looks at the UK family business sector, an important part of the UK economy. It presents new insights, especially on how the sector was affected by, and is recovering from, the pandemic.Find Out More